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that increased our deficit by almost $1 trillion. maybe if we can negotiate more, maybe we can have more money left for infrastructure and schools and teacher pay and police officers. that is where we need it. it is not about regulation. i was looking how to make a profit. we overcome the obstacles we find. frome so far removed reality. i don't think you know what the small business is a less it is a hedge fund. this was a difficult thing for me. i was going to ask about the insuring the treasury bonds or why you carve out the spousal exemption for why you took $5 million from sheldon adelson. this is from my son. last year when you and the president went on a budget standoff that threaten to shut down the government, he voted to continue paying members of congress. you voted against a bill which would have been short the members of the armed services continue to get paid. how could you in good conscience vote to continue your own pay but vote to stop paying our servicemen and women that you voted to send into combat in afghanistan?
that increased our deficit by almost $1 trillion. maybe if we can negotiate more, maybe we can have more money left for infrastructure and schools and teacher pay and police officers. that is where we need it. it is not about regulation. i was looking how to make a profit. we overcome the obstacles we find. frome so far removed reality. i don't think you know what the small business is a less it is a hedge fund. this was a difficult thing for me. i was going to ask about the insuring the...
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and his claim that he can give the wealthy those tax breaks and still close the deficit, that claim is mathematically impossible according to the tax policy center. romney's fuzzy math has put his surrogates in a bit of a tough spot. here is paul ryan trying to explain the impossible on fox us in yesterday. >> how much does that cost? >> it's revenue neutral. >> it's not revenue neutral unless you take away deductions. and we'll get to that. the first half lowering the tax rates does that cost $5 trillion -- >> no. >> you haven't given me the math. >> oh, it would take me too long to go through the math. >> come on i don't have the time to tell you how the math works. then he follows that awkward statement with another statement today. >> i like chris. i didn't want to get into all of any math of this because everybody would start changing the channel. >> jennifer: kind of funny. i isn't know candidates were worried about fox news ratings, and it wasn't just paul ryan having difficulty with this issue. governor bob mcdonald today was also at a loss to explain this math. >> where is the
and his claim that he can give the wealthy those tax breaks and still close the deficit, that claim is mathematically impossible according to the tax policy center. romney's fuzzy math has put his surrogates in a bit of a tough spot. here is paul ryan trying to explain the impossible on fox us in yesterday. >> how much does that cost? >> it's revenue neutral. >> it's not revenue neutral unless you take away deductions. and we'll get to that. the first half lowering the tax...
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of course everybody wants a tax cut, but if it's not going to cause bigger deficits, tell us how you're going to do it, and they won't do it. they won't say we're going to get rid of charitable deductions, won't get rid of homeowner, state and local. that's where all the money is. it's not little doodads here. joan, you take this one. he won't tell us. same question comes up wednesday night, can romney dodgeball it? can he say i'm not telling you how i'm going to do the major thing i promised to do, get the economy going through a tax cut, but i'm not going to tell you how i'm going to do it. can he get away with it with even the -- >> i hope not. i think this is a moment for jim lehrer to be very tough, respectful tough, and for president obama to come back at him and to say, look, i'm happy to see -- your running mate said he didn't have enough time on sunday. that's too bad. that's terrible, in fact. i'm willing to cede, governor romney -- >> could jim lehrer get away with simply saying, i have a little liberty here, a little leeway, i will give you all the time it takes. tell us now
of course everybody wants a tax cut, but if it's not going to cause bigger deficits, tell us how you're going to do it, and they won't do it. they won't say we're going to get rid of charitable deductions, won't get rid of homeowner, state and local. that's where all the money is. it's not little doodads here. joan, you take this one. he won't tell us. same question comes up wednesday night, can romney dodgeball it? can he say i'm not telling you how i'm going to do the major thing i promised...
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number two, to make the deficit go away and live within our means. i was not able to do it. >> sean: we have much more with governor schwarzenneger. is he supporting a candidate this election? that is coming up next. [ male announcer ] if it wasn't for a little thing called the computer, we might still be making mix tapes. find this. pause this. play this. eject this. write this. it's like the days before esurance express lane™. you had to find a bunch of documents just to get a car insurance quote. now express lane finds your driving info with just one click, saving time to be nostalgic about the days before express lane. thank you, insurance for the modern world. esurance. now backed by allstate. click or call. >> sean: we continue now with arnold schwarzenegger. he's written a new memoir. it's called "total recall: my unbelievably true life story." you talk about in your book, you go through a childhood where you grew up, where you had to walk to get water. >> milk. >> sean: milk. you didn't have a bathroom. you didn't have running water. you di
number two, to make the deficit go away and live within our means. i was not able to do it. >> sean: we have much more with governor schwarzenneger. is he supporting a candidate this election? that is coming up next. [ male announcer ] if it wasn't for a little thing called the computer, we might still be making mix tapes. find this. pause this. play this. eject this. write this. it's like the days before esurance express lane™. you had to find a bunch of documents just to get a car...
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will take away home mortgage deductions from the middle class that adds up to trillions of dollars in deficit why? because the giant tax cut for the rich. that's why he doesn't want get into the math, and that's why romney will have a tough time at the debates. facts are not on their side. obama has boxed them in on so many issues, highways been right wing. they can't criticize him from the progressive so they have to go further right. >> it is hard to understand why speaker boehner would walk away from this kind of deal. >> this used to be a republican idea by the way the individual mandate. it's like they have amnesia. >> i will close guantanamo. >> i believe we need to look forward as opposeed to looking backwards. >> n.a.t.o. will maintain an enduring commitment. >> we then offer additional $650 billion in cuts to entitlement programs. >> this is a targeted focused effort at people who are on a list. >> there are a lot of republican who is are puzzled as to why it couldn't get done. >> i told them i'm prepared to do additional spending cuts and entitlement reform. >> cenk: where are you g
will take away home mortgage deductions from the middle class that adds up to trillions of dollars in deficit why? because the giant tax cut for the rich. that's why he doesn't want get into the math, and that's why romney will have a tough time at the debates. facts are not on their side. obama has boxed them in on so many issues, highways been right wing. they can't criticize him from the progressive so they have to go further right. >> it is hard to understand why speaker boehner would...
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number two, to make the deficit go away and live within our means. i was not able to do it. >> sean: we have much more with governor schwarzenneger. is he supporting a candidate this election? that is coming up next. >> sean: we continue now with arnold schwarzenegger. he's written a new memoir. it's called "total recall: my unbelievably true life story." you talk about in your book, you go through a childhood where you grew up, where you had to walk to get water. >> milk. >> sean: milk. you didn't have a bathroom. you didn't have running water. you didn't have any of the bare necessities. >> right. >> sean: but you survived as a family. you talked about a tough childhood with your father. he would come home once a week intoxicated, be tough on the whole family. but here we are in a country, do you think at this time in this country, 49 million americans needing foods stamps, 1 in 6 in poverty. >> it's important we get our world economy back, and the united states gets our economy back again. as i said earlier, just alone, if you build the infrastruc
number two, to make the deficit go away and live within our means. i was not able to do it. >> sean: we have much more with governor schwarzenneger. is he supporting a candidate this election? that is coming up next. >> sean: we continue now with arnold schwarzenegger. he's written a new memoir. it's called "total recall: my unbelievably true life story." you talk about in your book, you go through a childhood where you grew up, where you had to walk to get water. >>...
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[laughter] on the deficit it was that the deficits do not matter. biology boggles some of them, that guy in missouri, too, for that matter. what happens the morning after the election from a loses? i wonder about the morning after the morning after though. we have gone way too far to the right and we need a different republican party. we need a center-right republican party which i think the country really needs. it needs to be a check on the rate -- the left and center left and that is the only way we will get a check on these issues. >> history suggests the second term of clinton and reagan were the productive terms where they had big achievements. it's hard to know whether the republican party, where they will portion the blame if that happens. the question is how they decide to spend the next four years. i think it's very hard to tell, but there is some hope in looking back at both clinton and reagan. >> reagan was also considered a far right and it took running a far right republican party at the time by whoever the thomas friedman equivalent w
[laughter] on the deficit it was that the deficits do not matter. biology boggles some of them, that guy in missouri, too, for that matter. what happens the morning after the election from a loses? i wonder about the morning after the morning after though. we have gone way too far to the right and we need a different republican party. we need a center-right republican party which i think the country really needs. it needs to be a check on the rate -- the left and center left and that is the...
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and the deficit will continue to grow, and i suggest we'll have continue to have unsustainable debt and spending. >> cenk: let's go to the point of disagreement. i want to balance the budget, but i want to do it fairly, far more fairly than what president obama is suggesting, but i would increase taxes. i would agree with you in taking away the nonsense wars and, etc. how are you going to balance the budget by lowering taxes? come on, the math doesn't add up. >> cenk, the fair tax is revenue neutral. i'm not talking about raising taxes or lowering taxes but cutting spending. that's something that needs to start with medicaid, medicare and military spending. you got obama and romney debating who is going to spend more money on medicare when we need to have a raging debate and discussion in this country on how we slash medicare spending or we find ourselves with no healthcare for those over 65. that's the alternative. the monetary collapse--excuse me quickly. a monetary collapse when the dollars we have in our pocket don't buy a thing because of the inflation that is going to go along wit
and the deficit will continue to grow, and i suggest we'll have continue to have unsustainable debt and spending. >> cenk: let's go to the point of disagreement. i want to balance the budget, but i want to do it fairly, far more fairly than what president obama is suggesting, but i would increase taxes. i would agree with you in taking away the nonsense wars and, etc. how are you going to balance the budget by lowering taxes? come on, the math doesn't add up. >> cenk, the fair tax...
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right now in trying to get reelected, he faces a deficit among women voters of about 12 points. interestingly though, the most politically damaging thing about that awkward introduction to the national political universe might not have been what mr. brown said about his daughters while they tried to make him stop, but what happened right before that. >> scott brown's victory is a shot heard around the world. here he is, the united states senator from massachusetts, scott brown. >> the man who introduced scott brown at his victory party was his dear friend and political ally mitt romney. these days if you went by massachusetts politics, if you only had massachusetts media fed into your home, you'd have no idea that the same guy was running for president. today was the second debate between scott brown and elizabeth warren. two things you'll remember in the first debate. the first the vee mans he attacked elizabeth warren on the basis of race in the first debate saying he could tell by looking at the law professor that she wasn't really native american. that was followed up by two
right now in trying to get reelected, he faces a deficit among women voters of about 12 points. interestingly though, the most politically damaging thing about that awkward introduction to the national political universe might not have been what mr. brown said about his daughters while they tried to make him stop, but what happened right before that. >> scott brown's victory is a shot heard around the world. here he is, the united states senator from massachusetts, scott brown. >>...
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i'm sure you didn't miss it. 15-point deficit for mitt romney. i'm guessing you'll argue with some parts. >> i'm not going to argue with it at all. do you really believe it's right? let me test your political wisdom. do you think it's possible for that to be right? you know it's a piece of garb e garbage? >> this is a good pollster, but you can argue that it's not 15%. do you believe mitt romney is behind in new hampshire? >> no, i believe it's head to head in new hampshire. and i've seen enough other polls to tell you that is a piece of garbage. this race in new hampshire will be won by mitt romney by two to three points. i'm willing to say that publically and stick by it and i know that it that poll of 15 points is absolutely invalid. >> every sort of professional poll i have seen of campaigns, though, all seem to have barack obama ahead and the big issue in new hampshire has been the gender gap with moderate women who may be the republicans fiscally but uncomfortable on social issues. you have had to navigate that before. that's always an issu
i'm sure you didn't miss it. 15-point deficit for mitt romney. i'm guessing you'll argue with some parts. >> i'm not going to argue with it at all. do you really believe it's right? let me test your political wisdom. do you think it's possible for that to be right? you know it's a piece of garb e garbage? >> this is a good pollster, but you can argue that it's not 15%. do you believe mitt romney is behind in new hampshire? >> no, i believe it's head to head in new hampshire....
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. >> mitt romney leads according to our poll, on unemployment and the deficit. let me ask you this, ben, because one thing our viewers may assume is that democratic base is now energized and the convention is now partly responsible for that. recently, jim -- our new poll, how do you feel strength of support, 72% of voters are strongly excited. 74% of obama voters. that's a virtual tie and extremely or very enthusiastic about voting in november, 65% of republicans. 64% of democrats. does that worry you? in '08, part of the reason the president won was his people were way more enthusiastic than john mccain's. >> we heard enthusiasm on the republicans side last year and that's been erased and now it all comes down to turnout. what's different from past elections is people are voting right now today in iowa. they're starting to vote tomorrow in ohio. our supporters are camped out at polling places and thousands more democrats voted in iowa last week than republicans. that's the way we've built this organization on the ground for the past 500 days. to turn our suppor
. >> mitt romney leads according to our poll, on unemployment and the deficit. let me ask you this, ben, because one thing our viewers may assume is that democratic base is now energized and the convention is now partly responsible for that. recently, jim -- our new poll, how do you feel strength of support, 72% of voters are strongly excited. 74% of obama voters. that's a virtual tie and extremely or very enthusiastic about voting in november, 65% of republicans. 64% of democrats. does...
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how are they going to solve the deficit problem and also increase job creation?" and i'd like to hear that explained clearly, because they have two very different philosophies. third, i think that if the debates do their job, we're going to be able to answer the question, "what are the sacrifices either one is going to ask us to make?" >> such as reforming social security, medicare, higher taxes, lower taxes? >> yes. and onhe table are all sorts of things that many people value a great deal and we may not be able to afford anymore. so should we have deductibility for second home mortgages? should we have deductibility for high-cost homes? should we have health insurance coverage provided by employers continue to be deductible? if so, for whom, should it be for all? and should we raise the age of entitlement, if so, to what level?" when someone says that about social programs, i want to also hear the answer to the question, "what are you doing with military spending? and how do you justify the tradeoff? we've gotta get the revenue someplace. where are you willing t
how are they going to solve the deficit problem and also increase job creation?" and i'd like to hear that explained clearly, because they have two very different philosophies. third, i think that if the debates do their job, we're going to be able to answer the question, "what are the sacrifices either one is going to ask us to make?" >> such as reforming social security, medicare, higher taxes, lower taxes? >> yes. and onhe table are all sorts of things that many...
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let's assume they're true, let's say you can't do everything he wants to do without increasing the deficit and without increasing taxes on the middle class. what i think we will see is because i don't think there's a good answer to this conundrum he's in mathematically, he will kind of confuse the issue. he will talk in specifics that don't necessarily make sense. so as a political strategy, you want to sound specific and say, here, i'm talking about some detailed numbers, and people say that sounds like a pretty detailed plan, he's thought it through. martin, based on what i heard there, there's not an answer to the mathematical possibility of his plan working. the last thing i think he will do is just attack the study, attack the president's premise. >> of course. >> there's no fact checker on stage. you say that study has all kinds of problems. i think it's a pretty good study but i think that's how he will get out of it. >> dana, isn't there is problem that mr. romney's economic adviser has already suggested that if he cannot make the 20% tax cut payable by using deductions, well, then
let's assume they're true, let's say you can't do everything he wants to do without increasing the deficit and without increasing taxes on the middle class. what i think we will see is because i don't think there's a good answer to this conundrum he's in mathematically, he will kind of confuse the issue. he will talk in specifics that don't necessarily make sense. so as a political strategy, you want to sound specific and say, here, i'm talking about some detailed numbers, and people say that...
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see how they affect massachusetts, our country and debt and deficit and vote. i am a reliable vote for the bill. >> theme of the evening, independence good, partisanship bad. >> vote about 50% with my party and 50% with the democratic party and that's a lot different than what professor warren would do to be in lock step. >> when senator brown talks here in massachusetts about how very bipartisan he is and end pent he is he's not saying the same thing when he goes around the country raising money in this senate campaign. >> aliens watching the debate could be forgiven for voting in lock step is a criminal offense. warren accused brown of consistently voting with republican leadership to block jobs bills put forward by the president while brown said compromise was a foreign concept to the ultraliberal warren. with all political events this evening not without its gaffes. >> can you name some republicans in the senate today that you are able to work with on big, substantive issues that the country face this is. >> probably richard lugar would come to mind. >> he'
see how they affect massachusetts, our country and debt and deficit and vote. i am a reliable vote for the bill. >> theme of the evening, independence good, partisanship bad. >> vote about 50% with my party and 50% with the democratic party and that's a lot different than what professor warren would do to be in lock step. >> when senator brown talks here in massachusetts about how very bipartisan he is and end pent he is he's not saying the same thing when he goes around the...
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debate can any amount of rhetoric fill the gaps in their deficit plans and where is the country headed without sound mass flow and sound money we'll hear from blogger author and radio host karl denninger of the market on that and while the budget plans of presidential candidates may not add up we already know the lack of government planning has the us poised for this. fiscal cliff looming the fiscal cliff it's looming gorged partisan politics could push america over of this cliff. but daunting name and the right the side what exactly does this entailed one break down the potential damage and word on a day and give you a glaring example of the wasteful costs of political uncertainty all ready documented plus we have a potpourri of manufacturing data out some points to opposite directions for the u.s. and of flu of it points to negative. outcomes in europe now our guest will help us make sense of these ingredients and tell us why he thinks the u.s. recession is already baked into the cake let's get to today's capital account. so incumbent obama and. under mitt romney are getting ready to
debate can any amount of rhetoric fill the gaps in their deficit plans and where is the country headed without sound mass flow and sound money we'll hear from blogger author and radio host karl denninger of the market on that and while the budget plans of presidential candidates may not add up we already know the lack of government planning has the us poised for this. fiscal cliff looming the fiscal cliff it's looming gorged partisan politics could push america over of this cliff. but daunting...
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budget deficit. douglas you're going to text a living be jesus out of the middle class that's the unfortunate reality is that there aren't enough rich people to tax to close the deficit you could tax all the rich people everyone over two hundred fifty thousand dollars at one hundred percent of their and then you'd still have a deficit so course the problem with doing that is that the second year and nobody would make more than two hundred forty nine thousand dollars they'd all go to the beach my toys for the rest of the year. and and that's the challenge that you have this day trying to use tax policy as a means of addressing overspending does not work and yet we have drivers of spending in this country specifically health care which is turf falling monopoly protections built all throughout the system all of which wind up costing us ridiculous about somebody and then defense which we spend a crazy amount of money on in no small part because we have had our head in the sand for thirty five years on en
budget deficit. douglas you're going to text a living be jesus out of the middle class that's the unfortunate reality is that there aren't enough rich people to tax to close the deficit you could tax all the rich people everyone over two hundred fifty thousand dollars at one hundred percent of their and then you'd still have a deficit so course the problem with doing that is that the second year and nobody would make more than two hundred forty nine thousand dollars they'd all go to the beach...
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there have been so many economic failure failures, the failure to create jobs or bring down the deficit. >> kevin, i want to get to some smalls we have on latino likely voters, but i want to quickly ask you, why did governor romney wait to this point to bring this forward on immigration policy? >> well, kate, we've had a lot of discussions on this issue. i think this was an opportunity where a question was asked, specifically on that question, and the governor answered it. he did talk in expansive terms about immigration, what he would do to modernize the immigration system, how it's an important part of our economy. during his recent interview that he had with univision. and i think it will continue to be a part of this debate. >> kevin, i want to show you, we put up on our screen for our viewers some new polling we have out today, showing that president obama really has an overwhelming lead among likely latino voters. 70 to 26 for governor romney. are now aggressively courting the latino vote, are you expecting to get anywhere near or beyond what senator mccain got back in 2008, which
there have been so many economic failure failures, the failure to create jobs or bring down the deficit. >> kevin, i want to get to some smalls we have on latino likely voters, but i want to quickly ask you, why did governor romney wait to this point to bring this forward on immigration policy? >> well, kate, we've had a lot of discussions on this issue. i think this was an opportunity where a question was asked, specifically on that question, and the governor answered it. he did...
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in terms of achieving the same amount of deficit reduction over the 10-year window. just use the budge -- budget committees and budge budget process to enforce this. to come up with reforms that achieve certain spending or revenue targets. the tpc's analysis is the kind of analysis we're going to need to be able to recycle as we go. it is the kind of analysis we need because it tells us something about what each can looks like in its present form. it tells us do we really want to use this can like this or do we need to melt it down and reshape it and use it for different parts of the whole system? and we're going to need more of these analyses. we'll need more analyses not just the distributional effects but the tradeoffs. for example if we want to keep tax cuts low, we need to broaden the base. what are some different tradeoffs if i want to lower the rates by 10%, how much am i going to have to broad the base. what are the most progressive elements of that? tax policy center will be busy in the next year is what i predict and, i think that what wee need to do is kee
in terms of achieving the same amount of deficit reduction over the 10-year window. just use the budge -- budget committees and budge budget process to enforce this. to come up with reforms that achieve certain spending or revenue targets. the tpc's analysis is the kind of analysis we're going to need to be able to recycle as we go. it is the kind of analysis we need because it tells us something about what each can looks like in its present form. it tells us do we really want to use this can...
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it seems do-able on paper, but, remember, a a lot of daylight on deficit reduction between republicans and democrats such as would gets the tax cuts and what and how federal government should be cut. those are and will be pitched battles on capitol hill. >>neil: ahead the debate, we will just say our denver fans are out in force. they must have known i would be wearing body paint. they heard that neil cavuto is coming to town and boy do we have great debate coverage planned for them and all of you at 4:00 p.m. eastern. in florida, republican congressman west has been making news and we have former governor wilder, and former governor giuliani and former debt commission co-chair, alan simpson and sarah palin joining us, home depot founder, the democratic mayor of los angeles, as well. watch us. you can tivo bret baier. he is okay with it. the guy is a saint. a saint. anyway, bucking china in the buckeye state. telling companies to lay off the lay off notices five weeks ahead of the election. do you notice a pattern here? we do. you report. you decide. the world needs a broader mix of en
it seems do-able on paper, but, remember, a a lot of daylight on deficit reduction between republicans and democrats such as would gets the tax cuts and what and how federal government should be cut. those are and will be pitched battles on capitol hill. >>neil: ahead the debate, we will just say our denver fans are out in force. they must have known i would be wearing body paint. they heard that neil cavuto is coming to town and boy do we have great debate coverage planned for them and...
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and let's have less revenue and fix the deficit using hogwarts magic which is pretty much the paul ryan idea. that's what the widow's peak is about. i think it is part of his -- >> part of his dark hearts. >> john: they're slytherin all the way. i wouldn't trust them on a quidditch field. here is great audio that i'm thrilled about. i want to play all of this. todd akin, america's sweetheart. we talked with laura bassett about todd akin and about this guy should be written off forever about his comments about legitimate rape and how the woman's body has a way of shutting down pregnancies that were brought on by legitimate rape as opposed to the illegitimate kind that kind of makes me feel dirty. i feel better then is legitimate. don't you, peter? >> absolutely. >> john: todd akin managed to say something more offensive than that in my opinion. a lot of you will disagree. we've seen the rnc running to todd akin's defense after begging him to drop out. reince priebus -- you know what his name is if you take out the vowels, it is rnc pr b.s. mitt romney will have to be called upon to see w
and let's have less revenue and fix the deficit using hogwarts magic which is pretty much the paul ryan idea. that's what the widow's peak is about. i think it is part of his -- >> part of his dark hearts. >> john: they're slytherin all the way. i wouldn't trust them on a quidditch field. here is great audio that i'm thrilled about. i want to play all of this. todd akin, america's sweetheart. we talked with laura bassett about todd akin and about this guy should be written off...
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deficit larry mean that is you are spending more than you are taking in. there are two things that you can do. you have to look at the spending to determine what you have to hold on. you have to set a priority to control spending. in the second thing you must have a program to increase growth in this country and new revenue. that makes a lot of the decisions about spending easier. you get more money coming in. >> president, you have been accused by your critics of failing to deal with entitlement spending reform and basically trying to raise taxes as the only means of deficit spending. are those charges fair? >> absolutely not. we had a deal going. myself and mr. baynor until mr. can toter stepped in. what i could support is that we would have tax cuts and we would have cuts in the budget and in areas certain revenues and increased ed in taxes. it seems fair $1 of tax increases and $3 to $4 of cuts in the budget. >> 3, to $4 to $1. could you guy into that? do you think your fellow republicans could buy into that? >> the more taxes you raise, the less growt
deficit larry mean that is you are spending more than you are taking in. there are two things that you can do. you have to look at the spending to determine what you have to hold on. you have to set a priority to control spending. in the second thing you must have a program to increase growth in this country and new revenue. that makes a lot of the decisions about spending easier. you get more money coming in. >> president, you have been accused by your critics of failing to deal with...
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the obama budget has been scored by the cbo and has a 2.4% deficit-reduction in the next 10 years. you can argue over what you think that is enough in not to stabilize the debt to gdp ratio but conversely, i'm not actually sure i would want to see ronnie detail all of the tax expenditure changes he says he will come up with. the problem, of course, is betting campaign, if people -- is tt in campaigns, if people start putting out more detailed proposals, demobilize the opposition. this is kind of like the 1993 securities commission. the two parties can hold hands and they do not start out being a brahney proposal or an obama proposal or a republican proposal or a democrat proposal. i am interested in what is in the debates in the next four weeks -- i am less interested in what is in the debates in the next four weeks and then what the vendor does in the weeks after the election. >> why would you like to hear -- what would you like to hear obama say in the weeks after the election? >> we are not going to have a deal that does not have revenues and spending. the biggest obstacle is on
the obama budget has been scored by the cbo and has a 2.4% deficit-reduction in the next 10 years. you can argue over what you think that is enough in not to stabilize the debt to gdp ratio but conversely, i'm not actually sure i would want to see ronnie detail all of the tax expenditure changes he says he will come up with. the problem, of course, is betting campaign, if people -- is tt in campaigns, if people start putting out more detailed proposals, demobilize the opposition. this is kind...
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spain's overall deficit is expected to be well above the european union target. germany prospered largest insurance company has gone public. >> is the highest initial public offering late germany in about one-and-a-half years. the chief executive officer has run in a new era for the company. they have made over half a billion euros. he says the money will be used for consolidation and he is not planning any new acquisitions in the next two years. that ipo could be a hopeful sign for shares in the coming months. our markets correspondent has more from frankfurt. >> the ipo is a sign of hope for many traders. they are hoping for more ipos to come. 20% of the german mobile phone operator will soon be sold on the stock market according to its parent company. of the ipo process is planned to start as early as this week. all of this is good news for people in the trading floors because ipos only work when there is a certain not of confidence on the markets. a certain amount of reliability. with all of these new players on the stock market, many people here are hoping f
spain's overall deficit is expected to be well above the european union target. germany prospered largest insurance company has gone public. >> is the highest initial public offering late germany in about one-and-a-half years. the chief executive officer has run in a new era for the company. they have made over half a billion euros. he says the money will be used for consolidation and he is not planning any new acquisitions in the next two years. that ipo could be a hopeful sign for...
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Oct 2, 2012
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issues like cutting taxes without ballooning the deficit or burdening the middle class. the romney campaign has been asked again and again for specifics. here's running mate paul ryan just yesterday on fox news. >> there's been a traditional democrat and republican consensus lowering tax rates by broadening the tax base works. and you can -- >> i have to -- you haven't given me the math. >> well, i don't have -- it would take me too long to go through all of the math. >> chris wallace kept trying but came away empty-handed. he's not the only one. take a look. >> which of the deductions are you going to be willing to eliminate? which of the tax credits are you going to -- when are you going to be able to tell us that? >> we'll go through that process with congress. >> give me an example of a loophole that you will close. >> i can tell you that people at the high end, high income taxpayers, are going to have fewer deductions and exemptions. >> mitt romney and i based on our experience think the best way to do this is to show the framework, show the outlines of these plans
issues like cutting taxes without ballooning the deficit or burdening the middle class. the romney campaign has been asked again and again for specifics. here's running mate paul ryan just yesterday on fox news. >> there's been a traditional democrat and republican consensus lowering tax rates by broadening the tax base works. and you can -- >> i have to -- you haven't given me the math. >> well, i don't have -- it would take me too long to go through all of the math. >>...
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why the deficit's been above $1 trillion now four years running, and maybe if the moderators get into it, what's happening in the middle east, and what they think they can do about it. i think that governor romney's plan's going to be to try to stick to the substance because i think the country knows we need a change. >> i'm only half joking about kicking out of the room. metaphorically, a lot of republicans want to see mitt romney do just that to the president. they want to see him verbally beat him up and make the points that you've made crystal clear and win the argument. but there's another argument that says that one of mitt romney's problems is he's not likeable enough and he may need to turn on the kind of easy ronald reagan charm which he deployed so successfully in debate. it's a fine line, isn't it, between being hard and aggressive and making a point, but also coming over as likeable. >> right. and piers, really, the way to deal with that, and i think this is true for any debate but especially one where the stakes are so high for the country, is to stick to what you want to
why the deficit's been above $1 trillion now four years running, and maybe if the moderators get into it, what's happening in the middle east, and what they think they can do about it. i think that governor romney's plan's going to be to try to stick to the substance because i think the country knows we need a change. >> i'm only half joking about kicking out of the room. metaphorically, a lot of republicans want to see mitt romney do just that to the president. they want to see him...
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Oct 2, 2012
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[laughter] on the deficit, it was, you know, deficit doesn't matter. and yeah and biology too a guy in missouri too. so the question to me is what happens the morning after the morning after the election if romney loses? the morning after they'll say it wasn't because he wasn't far night enough. i wonder the morning after the morning after. a lot of people say we have gone too far to the right. we need a different republican party. we need a center right republican party. i think the country needs. because it needs to be a check on the left and the center left, and it's the only way we're going get big comprises on the big issues. >> can i add, i mean, a little history can clinton and rage. the second term was the productive term. the big achievement. it's hard no know whether the republican party will -- where they will push the blame if that happens. but the question is how they decide to spend the next four years. and i think it's very hard to tell. but there is some hope in looking back at both clinton and reagan. >> reagan was considered a far-rig
[laughter] on the deficit, it was, you know, deficit doesn't matter. and yeah and biology too a guy in missouri too. so the question to me is what happens the morning after the morning after the election if romney loses? the morning after they'll say it wasn't because he wasn't far night enough. i wonder the morning after the morning after. a lot of people say we have gone too far to the right. we need a different republican party. we need a center right republican party. i think the country...
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so, you know, i'm hearing a lot about the successes, in some respects i'm hearing about the deficits, but i think it might be useful to sort of reverse the roles a little bit. so where do you see the greatest deficits in terms of what congress needs to do to be more open and transparent? what's the next big thing or the next two big things that they need to do only out of fairness so they can be ready, i'm going to ask similarly, i mean, you can identify deficits if you so desire, but it'd be helpful to identify where in the last two or four years have you seen the greatest positive change as well? so i'll start with -- >> sure. you know, i'm actually going to key off of some to have stuff that, some of the work jim's done over the years. um, you know, what we, what we're doing well right now is we're providing sort of common documents and fairly common, easy-to-produce formats. and we're doing that better than average, better than we have in years past. what we're not doing very well is sort of providing some of this metadata that would be useful to folks like jim or you all or folks
so, you know, i'm hearing a lot about the successes, in some respects i'm hearing about the deficits, but i think it might be useful to sort of reverse the roles a little bit. so where do you see the greatest deficits in terms of what congress needs to do to be more open and transparent? what's the next big thing or the next two big things that they need to do only out of fairness so they can be ready, i'm going to ask similarly, i mean, you can identify deficits if you so desire, but it'd be...